Through CRISworks, CreditWorks can provide the most comprehensive primary data – key supplier information – available in New Zealand.
Launched in 1998, CRISworks was New Zealand’s first, and most comprehensive, reporting system of it’s kind. The positive data philosophy relies on all users providing debtor data to build an industry-specific view of debtors. To ensure the spirit of positive data reporting is upheld, a strict code of practice is adhered to.
CRISworks (Credit Referencing Industry Solution) is a live (real-time) financial trading information website on NZ Companies, providing reports and utilising monitoring services to alert users to changes in the structure and credit behaviour of their customers.
To remain informed, and thereby protect my business against potential bad payers, and ultimately minimise the risk of losing money via bad debts.
By accessing the information at the outset, you can ensure you don’t trade with disreputable, or high risk, potential customers. And by remaining informed throughout your existing customer relationships, you are the first to know of credit behaviour changes that may represent a greater debt risk to your business going forward.
Ultimately the benefits are in reduced debt losses to your business.
By gathering current customer lists, and credit trading records (debtor trial balances) from participating companies regularly (daily in many instances) and then collating the information into reports that reflect trading values and patterns of the customers on those lists.
By also monitoring Companies Office records, via a direct link to the NZ Companies Office, and accessing adverse information such as Court Judgments, debtor defaults, and Public Notices, we can keep our client Companies informed on the behaviour of their customers in the wider credit marketplace.
CreditWorks members have direct access out of CRISworks to Consumer Credit Reporting which allows you to check the details of the Directors (with their consent), in conjunction with our Company Credit Report. You’ll also have access to Consumer Credit Reports to assess the risk of individual Consumers, Directors, and Sole Traders. This reporting is through Equifax One Score –their latest and most predictive consumer credit score reporting.
One Score is designed to predict the risk of an individual becoming 90+ Days Past Due with account repayments. Continuous access to such robust and highly accurate consumer data will allow you to better understand the people behind the organisation’s CreditWorks helps you decide who to do business with.
We are the largest Commercial Positive database of its kind in New Zealand, offering valuable financial information to commercial customers. We have over 3.5 million debtor records in the CRISworks database at peak times, and this continues to grow.
We hold data on 95% of customers of the Building Supplies industry. Our comprehensive network services also cover 35 other significant industry sectors across New Zealand.
We have a continuously growing number of leading NZ companies supplying entire debtor ledgers to the CRISworks database.
We are managed by experienced Credit personnel, who can offer a wide range of advice and services related to the credit industry.
